Aditya Birla Sun Life Insurance Assured Saving Plan

At a Glance

Life is all about achieving your dreams without the fear of uncertainties. Dreams are essential as they provide the motivation and determination for succeeding in life. With a disciplined approach and adequate life insurance cover, all your dreams can become a reality. So, wouldn’t it be great if you get a cushion of guarantee to fulfil your dreams? Yes! with ABSLI Assured Savings Plan, you can create a cushion of guarantee for all your dreams. ABSLI Assured Savings Plan provides life insurance cover and savings benefits to safeguard your family members from financial crisis in case of an unfortunate event, while helping you accumulate lumpsum benefits to achieve all your dreams.

Key Features

  • Guaranteed** Maturity Benefit: Lumpsum benefits to cater to your life’s milestones, worry free.
  • Loyalty Additions: Loyalty Additions are added to your policy to boost your maturity corpus, provided all due premiums have been paid.
  • Boost for your maturity corpus: Get higher maturity benefit with higher premium paying policies.
  • Financial Security for your loved ones: Get comprehensive risk cover in case of death of life insured.
  • Joint Life Protection Option: Cover your Spouse in the same policy through Joint Life Protection option.
  • Flexibility: Choice of various Premium Payment Terms, Policy Terms and Sum Assured Multiples to suit your requirements.
  • Enhance your Protection: Avail additional risk cover through Riders on payment of additional premium.

**Provided all due premiums are paid.

Key Benefits

Death Benefit:

In the event of death of the Life Insured during the Policy Term and provided that the Policy is In-force, the Death Benefit will be payable to the Nominee(s)/ Legal heir(s). Nomination can only be effected if the Policyholder and Life Insured are the same. We will pay a lump sum guaranteed “Death Benefit” which shall be, if:

1) Death of the Life Insured happens any time up to the 25th Policy Year,

- Sum Assured on Death; plus

- Accrued Loyalty Additions (if any)

2) Death of the Life Insured happens any time after the 25th Policy Year,

 - Higher of Sum Assured on Death or Guaranteed Maturity Benefit; plus

 - Accrued Loyalty Additions (if any)

Where, The Sum Assured on death is:

For Single Pay policies:

  • Sum Assured
For Limited Pay policies: Higher of,
  • 150% of the Total Premiums Paid up to the date of death
  • Sum Assured

Sum Assured is a multiple, depending upon Life Insured’s age at inception of the Policy, of the Annualized Premium.

  1. Single Pay: Rs.100,000 5 Pay: Rs.20,000 6-12 Pay: Rs.30,000

Annualised Premium (AP) is the amount of premium payable in a year chosen by the Policyholder, excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums (if any).

Total Premiums Paid means total of all the premiums received, excluding any underwriting extra premium, any rider premium, taxes and loadings for modal premiums (if any)

Staggered Death Benefit

On the death of the life insured, the nominee(s)/ Legal heir(s) / second‑ life (on death of primary‑ life in case of Joint Life Protection), as the case may be, has an option to take the amount of Death Benefit in equal Annual/ Monthly instalments over a period of 5 years from the date of death of Life Insured, instead of a Lumpsum payout. Once the Instalment mode has been opted by the nominee (s)/ Legal heir(s) at the time of benefit payment, it can not be changed later on.

Refer to product brochure for further details. 

Survival Benefit 

The Survival Benefit applicable is mentioned below:

Income Benefit: Income Benefit, expressed as a percentage of Annualized Premium, will be paid to you which varies by your Age at entry, Premium amount, Premium Payment Term and Benefit Pay-out Period. 

Loyalty Addition: We will enhance your Income Benefit eve year during the Benefit Pay-out Period by adding a Loyalty Addition, provided all premiums have been paid during the Premium Paying Term. Loyalty Addition is defined as a percentage of the Income Benefit.

Refer to product brochure for further details.

Joint Life Option

This option is available only for Limited Pay Policies. If this option has been chosen at inception of the Policy, then under this option, two lives, the Prima‑ Life Insured and the Secondary‑ Life Insured (spouse) are covered under the same Policy. This option needs to be chosen at the inception of the policy and cannot be changed subsequently. The coverage for the secondary‑ life insured will be equal to 20% of the Sum Assured of the Prima‑ life insured

Refer to product brochure for further details.

Maturity –

On Survival of the Life Insured till the end of the Policy Term provided the Policy is in-force and all due Instalment Premiums under the Policy have been paid, you will receive lumpsum Maturity Benefit which shall be: -

Guaranteed Maturity Benefit; plus

Accrued Loyalty Additions

Type of Plan

A Non-Linked Non-Participating Individual Savings Life Insurance Plan

Coverage:  All Individuals (Male | Female | Transgender)

Benefit Option: Lumpsum Payout at Policy Maturity

Minimum Annualized Premium

Single Pay: Rs.100,000
5 Pay: Rs 20,000
6-12 Pay: Rs.30,000

Maximum Annualized Premium

No Limit (subject to Board Approved Underwriting Policy)

Age of the Life Insured at Entry (Age as on last birthday)


Single Life: 30 days
Joint Life: 18 years

In case the Life Insured is a minor, the Policy will automatically vest in favour of Life Insured after attainment of majority of the Life Insured. For policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy.


Single Life: 65 years
Joint Life: 50 years
Single Pay Option B: 50 years

Maturity Age of the Life Insured (Age as on last birthday)


18 years


85 years
Single Pay Option B: 70 years

Premium Payment Term (Years)

Policy Term (Years)



Single Pay





















DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. Assured Savings Plan (UIN: 109N134V09 ) is underwritten by Aditya Birla Sun Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. ISNP registration valid.

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change.

For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at:

“The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”

This is a Non-Linked Non-Participating Individual Savings Life Insurance Plan. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). GST and any other applicable taxes will be added (extra) to Your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. This product shall also be available for sales through online channel. Tax benefits may be available as per prevailing tax laws. For more details and clarification call Your ABSLI Insurance Advisor or visit our website and see how we can help in making Your dreams come true. All policy benefits are subject to policy being in force. “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company Limited. “You/you” or “Your/your” means the Policyholder. Policyholder and Life Insured can be different under this product. In all situations, it is ensured that the Policyholder has an insurable interest in the Life Insured. For other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. Should you need any further information from us, please contact us on the below mentioned address and numbers. For more details on risk factor terms and conditions, please read sales brochure before concluding the sale.

Aditya Birla Sun Life Insurance Company Limited Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. 1-800-270-7000 Website: IRDAI Reg No.109
CIN: U99999MH2000PLC128110
UIN: 109N134V09   ADV/5/24-25/224


IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

(UIN: 109N134V09)

How to Apply

Apply now for Aditya Birla Sun Life Insurance Assured Saving Plan
Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555